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RBS Fund Takes Back £50M From Metro Bank

PYMNTS

After Metro Bank recently pulled back from plans to expand and decided to move away from lending for mortgages, the bank said it will return £50 million from the RBS bailout fund, according to a report. The company’s plans were thwarted when it was revealed that it was miscategorizing a number of loans when figuring out capital requirements.

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million.

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Mobile Order-Ahead Delivered The Goods In 2019

PYMNTS

Tons of capital was raised and spent on new systems and processes. As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. “It was the best of times, it was the worst of times.” That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019.

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Whole Paycheck Tracker: Accelerating Automation To Capture Consumer Spend

PYMNTS

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. metros with more set to be added by Amazon by year’s end. billion on 500 remodels in 2018 — more than a fifth of the retailer’s total capital expenditure of $10.3

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UK Metro Bank Hit By Messaging Scams

PYMNTS

To that end, Metro Bank said earlier this week that at least some of its customers had been victimized by fraud that focuses on text messages sent across telecom companies’ networks that Reuters reported are used to verify transactions. Metro said that the attacks are leveled at a number of British banks, a roster that includes Metro. “Of

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Union Budget 2021: Highlights

BankBazaar

We await the operational details of the scheme now. Metro services announced in 27 cities, plus additional allocations for Kochi Metro, Chennai Metro Phase 2, Bengaluru Metro Phase 2A and B, Nashik and Nagpur Metros. However, in case of serious tax-evasion cases (Rs. In urban areas, 83.7

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. Less than $300 million.